Search Results for: Credit Suisse
Europe Stocks Rise for 2nd Day as Credit Suisse Leads Bank Gains
May 10th, 2016
Carmakers climb as China auto sales increased in April Pandora jumps on better-than-forecast profit, raised outlook European shares rebounded further as investors speculated a selloff that spurred their worst week since February was overdone, and Credit Suisse Group AG ...
Credit Suisse to Sell Distressed-Debt Portfolio for $1.27 Billion
May 4th, 2016
Credit Suisse will take new $100 million charge Credit Suisse Group AG agreed to sell a big chunk of distressed-debt assets, helping to speed the Swiss bank’s retreat from risky trading businesses. TSSP, a credit-investing affiliate of private-equity firm TPG, will ...
FSA Japan announced Administrative action against Credit Suisse Securities (Japan) Limited
April 26th, 2016
The Securities and Exchange Surveillance Commission (SESC) conducted an inspection on Credit Suisse Securities(Japan)Limited (hereinafter referred to as “the Company”), and found violations of the Financial Instruments and Exchange Act (hereinafter referred to as ”FIEA”). On April 15, 2016, ...
Credit Suisse, HSBC dismiss ‘Panama Papers’ tax avoidance allegations
April 6th, 2016
Credit Suisse and HSBC, two of the world’s largest wealth managers, dismissed on Tuesday suggestions they were actively using offshore structures to help clients cheat on their taxes. Their comments came a day after a leak of four decades ...
Credit Suisse faces tough questions after $1 billion write-downs
April 5th, 2016
On Jan. 19, Credit Suisse (CSGN.S) Chief Executive Tidjane Thiam contacted the head of the Swiss bank’s markets business asking for more details about the fourth-quarter results at the trading division, according to materials seen by Reuters. Two-and-a-half months ...
UBS, Credit Suisse interested in advising on Russia privatization
March 30th, 2016
Swiss banks UBS and Credit Suisse are interested in advising the Russian government on several privatizations as long as the deals do not violate sanctions, three banking sources told Reuters. The banks responded to a request for proposals that ...
CFTC Orders Payment of Penalties Totaling $665,000 by Credit Suisse
March 28th, 2016
CFTC Orders Payment of Penalties Totaling $665,000 by Credit Suisse International for Violating the Speculative Position Limit for Wheat Futures and by Credit Suisse Securities (USA) LLC for Submitting False or Misleading Information to the CFTC The U.S. Commodity ...
UBS and Credit Suisse launch fintech accelerator
March 23rd, 2016
The two largest Swiss banks UBS and Credit Suisse, are partnering with Swisscom, Swiss Life and Ernst & Young to launch a fintech accelerator with an international target audience. Operating under the umbrella of the Kickstart Accelerator, the programme ...
Credit Suisse accelerates its restructuring
March 23rd, 2016
Tidjane Thiam, Chief Executive Officer of Credit Suisse, commented: “Our recent performance has highlighted further two key areas of challenge for Credit Suisse: – Our fixed cost base, and – Our scale in Global Markets in the Americas and ...
Credit Suisse Accused of Money Laundering by Billionaire
March 17th, 2016
Former Georgian PM alleges bank failed to control ex-manager Geneva criminal complaint is latest to target the Zurich bank Lawyers for Georgia’s billionaire former prime minister Bidzina Ivanishvili accused Credit Suisse Group AG of money laundering as they step ...
